Pitney Bowes 2012 Annual Report Download - page 69

Download and view the complete annual report

Please find page 69 of the 2012 Pitney Bowes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share amounts)
51
The changes in the carrying amount of goodwill, by reporting segment, for the years ended December 31, 2012 and 2011 were as follows:
Gross value
before
accumulated
impairment
Accumulated
impairment
December 31,
2011 Impairment Other (2) December 31,
2012
North America Mailing $ 352,897 $ — $ 352,897 $ — $ 2,977 $ 355,874
International Mailing 176,285 — 176,285 — (5,158) 171,127
Small & Medium Business Solutions 529,182 — 529,182 — (2,181) 527,001
Production Mail 140,371 — 140,371 — 4,276 144,647
Software 667,124 — 667,124 — 4,094 671,218
Management Services 487,223 (84,500) 402,723 — 1,176 403,899
Mail Services (1) 259,105 (45,650) 213,455 (18,315) — 195,140
Marketing Services 194,233 — 194,233 — — 194,233
Enterprise Business Solutions 1,748,056 (130,150) 1,617,906 (18,315) 9,546 1,609,137
Total $ 2,277,238 $ (130,150) $ 2,147,088 $ (18,315) $ 7,365 $ 2,136,138
Gross value
before
accumulated
impairment
Accumulated
impairment
December 31,
2010 Impairment Other (2) December 31,
2011
North America Mailing $ 357,909 $ — $ 357,909 $ — $ (5,012) $ 352,897
International Mailing 193,761 — 193,761 — (17,476) 176,285
Small & Medium Business Solutions 551,670 — 551,670 — (22,488) 529,182
Production Mail 129,246 — 129,246 — 11,125 140,371
Software 678,111 — 678,111 — (10,987) 667,124
Management Services 494,432 — 494,432 (84,500)(7,209) 402,723
Mail Services (1) 259,101 — 259,101 (45,650) 4 213,455
Marketing Services 194,233 — 194,233 — — 194,233
Enterprise Business Solutions 1,755,123 — 1,755,123 (130,150)(7,067) 1,617,906
Total $ 2,306,793 $ — $ 2,306,793 $ (130,150)$ (29,555) $ 2,147,088
(1) Impairment charges for the Mail Services segment relate to IMS and have been classified as discontinued operations in the
Consolidated Statements of Income. See Note 18.
(2) Primarily foreign currency translation adjustments for the period.
6. Accounts Payable and Accrued Liabilities
Accounts payable and accrued liabilities consisted of the following:
December 31,
2012 2011
Accounts payable $ 361,169 $ 334,036
Customer deposits 698,770 684,469
Employee related liabilities 356,188 330,492
Miscellaneous other 393,099 491,468
Accounts payable and accrued liabilities $ 1,809,226 $ 1,840,465